Merchants Bancorp (NASDAQ:MBINN) Trading Down 0.1% – Time to Sell?

Merchants Bancorp (NASDAQ:MBINN)’s stock price traded down 0.1% on Thursday . The company traded as low as $18.85 and last traded at $18.90. 37,341 shares were traded during trading, an increase of 279% from the average session volume of 9,862 shares. The stock had previously closed at $18.91.

Merchants Bancorp Stock Up 0.4%

The stock’s fifty day moving average price is $19.88 and its 200-day moving average price is $20.10.

Merchants Bancorp (NASDAQ:MBINN) last released its quarterly earnings data on Monday, January 31st. The company reported $1.14 EPS for the quarter. The company had revenue of $112.82 million for the quarter.

Merchants Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 15th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Monday, December 15th.

Merchants Bancorp Company Profile

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.